Treasury certificate

or treasury certificate

noun

1. an obligation of the U.S. government represented by certificates in denominations ranging from $1000 to $1,000,000, maturing in one year or less with interest periodically payable by the redemption of coupons.

treasury certificate

noun

1. a short-term obligation issued by the US Treasury, maturing in 12 months with interest payable by coupon redemption

Word History and Origins

Origin of Treasury certificate¹

First recorded in 1785–95